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Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
 There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the heavy losses suffered in early February.
The time charter averages for these segments have now returned to the relatively robust levels of around US$24,000/ day per day for the Supras and US$16,500/ day for the Handies. In the wider dry bulk market, there was a notable increase in corporate activity, some of which would have been unimaginable a year ago.
Capesize
Capesize markets bucked the wider trend this week and the four time charter average lost 14% to settle around US$28,400. After a strong week in the Panamax sector, the market also saw the BCI slip below the BPI. A surplus of tonnage in the Pacific saw demand from the mining groups swallowed up with little positive impact on rates, while the Atlantic remained quiet. FFA rates for second-quarter 2010 also declined from last week’s US$35,000 to around US$30,000/day. With so much tonnage available, there was little expectation of a big increase going forward and the index dropped slightly on Monday.
Panamax
The Panamax market bucked the trend of the falling Cape market and saw small gains during the course of the week. There was not much in way of large increases in cargo volumes in the Atlantic but here owners were reluctant to send vessels east on the front haul route and this in turn pushed levels up over the US$40,000 mark. The Transatlantic rounds were concluded at improved US$26/27,000 levels. In the Pacific, rates also picked up as ships open in the east were picked off to load predominantly grain business ex east coast south America, which in turn pulled the local shorter Pacific trips up in price to around the mid US$20,000s, depending on delivery and what kind of round voyage. A few short period deals were concluded with rates being agreed at around US$27/28,000 for Pacific delivery and the mid US$30,000s in the Atlantic. It is difficult to see the market sustaining this trend without evidence of some fresh enquiry in both basins.
Supra/Handy
The Baltic Supramax Index went up by 185 points to finish at 2,228 points last week, while the average of the time charter routes gained about US$1,940 to finish at US$23,927 per day. The market was active in the Atlantic, and there was particular pressure on tonnage in the southern part of the basin. We saw some activity with grain and sugar ex ECSA. The USG was steady and firming by the end of the week with vessels being fixed close to US$40,000 daily for trip to Continent. In the smaller sizes, the Baltic Handy size Index went up by 86 points to finish at 1,153 points while the time charter routes gained US$1,267 to reach US$16,872 per day. The Atlantic was much firmer than the Pacific and the TARV is worth US$19,000/day today, whereas the Pacific round voyage is worth US$15,000/day. A Handysize for trip out was evaluated in the region of US$25,000 last week. In the Pacific, the week started with firm numbers, with Nopac fixing in the high teens/low twenties for North China deliveries.
The Far East also picked up for Indonesian rounds in the mid-high teens for north China and mid-high teens for south China deliveries.
India was again the winner in the East, with Supramaxes fixing close to US$40,000/day from the west coast, and mid US$30,000s from the east for non-Haldia positions to China. Vessels in Haldia were getting a healthy mid-high US$30,000s.
There was a little period interest in the market with most charterers looking to pay low US$20,000s, while owners were targeting mid US$20,000s. Supramax were getting fixed for short period at US$25,000 daily with Far East delivery, while Atlantic delivery was getting US$30,000/day.
Source: BRS
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Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
Thursday, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...
Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...
Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...
Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...
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- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- White Energy Company Limited
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Planning Commission, India
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- The University of Queensland
- Economic Council, Georgia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- CNBM International Corporation - China
- VISA Power Limited - India
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
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